Orange to Delist From NYSE; Cites Financial, Administration Requirements

By Najat Kantouar

Orange said it plans to delist its shares from the New York Stock Exchange and de-register with the U.S. Securities and Exchange Commission, citing financial and administrative requirements.

The French telecommunications company said Wednesday that the decision is in line with its goal to improve internal simplification and efficiency, while maintaining corporate governance and transparent financial reporting standards.

The group said it plans to file its application to de-register during the fourth quarter of this year. It is expected to become effective 10 days after that filing, at which time shares will no longer be traded on the NYSE, it added.

Orange's shares will remain listed on Euronext Paris, the company said.

Write to Najat Kantouar at [e-mail]

(END) Dow Jones Newswires

09-25-24 0312ET